Pharos Network Launches Testnet Achieving 30,000 Transactions Per Second

Pharos Network, a high-performance blockchain platform designed for real-world assets (RWAs) and enterprise-scale decentralized finance (DeFi), has launched its Testnet. This new platform is built to address the key challenges that have hindered institutional adoption of Web3 technologies. Pharos offers a modular infrastructure that supports scalable deployment of decentralized applications, efficient payment solutions, and new use cases for tokenized assets.

The Pharos Testnet achieves an impressive 30,000 transactions per second with one-second finality, setting a new standard for Layer 1 blockchain performance. Its GPU-like architecture is capable of supporting billions of users and reducing storage usage by 80%. The network also includes built-in support for decentralized AI and privacy-preserving SPN, along with ZK-based KYC/AML capabilities, ensuring enterprise-ready security and compliance. Pharos remains fully EVM-compatible, offering faster and cheaper transactions while enabling flexible, on-chain innovation.

Pharos’s product stack is designed to overcome the core bottlenecks in RWA adoption, including scalability, compliance, and flexibility. This enables new use cases across various sectors such as renewable energy, industry finance, payment, supply chain finance, and tokenized real estate. The modular, high-throughput infrastructure of Pharos allows for the secure deployment of RWAs at scale, meeting the regulatory and performance demands of the financial industry.

The Pharos team, founded by former leaders from AntChain and Alibaba, brings deep enterprise experience, uniquely positioning the platform to deliver enterprise-grade solutions for institutions exploring green finance, payments, and new forms of programmable ownership and asset tokenization. Alex Zhang, CEO of Pharos Network, stated, “The Pharos Testnet represents a significant milestone in our mission to unlock the true potential of RWAs. By providing a high-performance, scalable, and adaptable platform, Pharos meets the needs of bringing real-world assets on-chain and bringing utilities to these assets.”

Developers and users can access and experience the Testnet by visiting testnet.pharosnetwork.xyz. Pharos Network aims to set new benchmarks in decentralized technology with its extreme performance and scalability, achieving the highest EVM Layer-1 performance with 50,000 TPS and being the first to reach 2 gigagas/sec. Additionally, Pharos is a co-developer of SmartCogent, an AI toolkit for large language models (LLMs), and the core development team of DTVM technology.